KAEC to handover key residential plots

JEDDAH, January 18, 2017

King Abdullah Economic City (KAEC), a special economic zone on Saudi Arabia's Red Sea coast, will start handing over the single family residential land plots in Phase Three of the Al Talah Gardens district following completion of the infrastructure work at the development.

The Al Talah Gardens District is being developed as a world-class residential community in five phases.

Phases One and Two have been handed over already and Phases Four and Five are nearing completion and will be ready before the contractual handover dates, said the statement from KAEC.

Al Talah Gardens Phase Three was designed by one of the world’s top masterplanning and architectural firms, Skidmore, Owings & Merrill (SOM,) in cooperation with Buro Happold Engineering and Moriyama & Teshima Architects.

Spread over 613,300 sq m Al Talah Gardens Phase Three comprises 692 residential single family plots, the majority of which range from 400 to 600 sq m.

Fahd Al Rasheed, the group chief executive and managing director of KAEC, said: "I am proud to say that, following completion of the infrastructure work, we are handing over the land plots to customers ahead of the contractual delivery date."

“This is a clear indication of the fast progress of all the projects at KAEC and reaffirms our commitment to providing exceptional service before and after sales to buyers of residential land plots and properties,” he noted.

Charles Biele, the CEO of the Real Estate Development Company (Redco) in KAEC, said this was a showcase for Saudi excellence in construction work.

The completion of the infrastructure work for Al Talah Gardens ahead of schedule without any compromise in the international standards is a reason to celebrate, he stated.

The infrastructure facilities include potable water, electricity and telecom networks, sewer system, irrigation for the extensive green areas of Al Talah Gardens, storm water drainage, and roads and walkways.-TradeArabia News Service